Teva Pharmaceutical, Ltd., traded on the NASDAQ and Tel Aviv Stock Exchanges, has bounced off its two-year low of $45 a share, and is currently trading 11% higher. This rise is likely due to its recent acquisition of a specialty, branded drug-maker Cephalon for $6.8 billion in early May. It …
Interest Rate Jumps 0.5%: Strong Economy
In an surprise move this week, Bank of Israel Governor Stanley Fischer raised Israel’s base interest rate by double the expected amount to 3.0% – compared to the U.S. rate of 0-0.25%. Israeli government and corporate bonds increased their annual yields as a result, making these bonds even more attractive …
Israel Financial Update – April 2011
March 2011 saw a nearly 3% gain in the Shekel against the dollar. Foreign investors who opened an Israeli investment account in Shekels two years ago would have gained 21% already just on their dollars without counting any gain from their actual investments. Israel’s Central Bank raised yet again its interest rate …
Israel Financial Update: March 2011
In surprising economic news, Israel’s Gross Domestic Product (GDP) rose 7.8% in the fourth quarter of 2010 (5.4% in 2010). The Shekel continues to strengthen against the dollar, gaining another 1% in February, 2011. Israeli investment account holders enjoyed this benefits as their holdings are in Shekels. Israeli stocks continue …
Israel Financial News Update – February 2011
The Shekel continues to strengthen against the dollar, gaining 16% in the past 21 months. Israeli investment account holders enjoyed this benefits as their holdings are in Shekels. The Israeli stock market outperformed Wall Street yet again in 2010. The Tel Aviv 25 Index returned 16.3% vs. the Dow Jones …
Good Time to Buy TEVA Stock?
The world’s largest generic drug company is an Israeli firm: Teva Pharmaceuticals. Founded in 1944, with a current market capitalization of $49 billion, Teva makes up 8% of the Tel Aviv 25 index. Shares can be purchased on Wall Street and in Israel. It’s stock price has fallen 18% since …
OECD Accepts Israel As Member
The Organization for Economic Cooperation and Development (OECD) has accepted Israel as a member nation. This clearly signals Israel’s financial strength in the world markets. Israel now joins 32 other Western nations like the United States, United Kingdom, Canada, France and Japan as a member of this prestigious financial organization. …